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286 8th Street

Wheeling, Illinois 60090

Cecilia Kleiner

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Property Type

Wait until you see this amazing investment opportunity! You can own a beautiful, profitable and well-maintained, 6-unit, brick building in the highly sought-after suburb of Wheeling. The building consists of 5-2 bedroom units and 1-1 bedroom unit. Each condo has its own pin number giving opportunities to sell the building as a whole or to sell individual units....lots of flexibility in this great building! Yet another benefit of this terrific building is having countless updates! There was a total gut-rehab in 2008 with lovely, high-quality finishes. Way too many updates to list including new windows, walls, doors, engineered wood floors, euro style kitchens, dishwashers, garbage disposals, new bathrooms...WOW! Each unit has an updated, eat-in kitchen, with gorgeous granite counters, oak cabinets, and stainless appliances including gas stove/oven, dishwasher, and microwave. Each unit also boasts a spacious living room with large picture window and gleaming hardwood flooring. There are 2 assigned parking spaces with each unit making a total of 12 spaces plus ample guest parking too. Yet more updates include new boiler in 2012 and new water heater in 2014. There is coin laundry which not only adds convenience for the tenants plus provides additional income for the lucky owner. The building is now rented to full-capacity including some long-term tenants. Definitely potential for even higher rental prices going forward. Award-winning District 21/214 schools. Ideal location near Metra train, 94/294, parks, forest preserves, shopping, restaurant row on Milwaukee, fitness centers, Wheeling Aquatic Center, and much more! Better hurry....terrific, money-making opportunities like this one don't come often!

Full Features
Exterior Type: Brick
Basement: Slab
Pool: No
Square Feet: N/A
Tax Amount: $21,800
Built: 1978
Parking Spaces: 12
Cooling System: Window Unit/s
Stories: 3
Roof: Shingle Composition
Current Net Income: $54,144
Unit 1: 5 room(s) / 2 bed(s) / 1 bath(s)
Unit 2: 4 room(s) / 1 bed(s) / 1 bath(s)
School District(s): Township HSD 214, Wheeling CCSD 21

Taxes & Assessments
Taxes: $21,800

Listing information updated today (5/9/2021)

Wheeling photo


Wheeling is a thriving community characterized by friendly locals, great parks, and a beautiful community. One of the village’s top attractions is Restaurant Row, which boasts upscale restaurants and some of the best eateries in the north suburbs along Milwaukee…

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Nearby Public Transportation

North Central Service

at Wheeling Metra (0.65 miles away)

286 8th Street Wheeling, Illinois 60090 is a multi-family currently listed at $749,000. This multi-family has been listed on @properties since April 27th, 2021 and was built in 1978. Nearby schools include Eugene Field Elementary School, Jack London Middle School, Wheeling High School. The nearest transit stops include North Central Service Wheeling Metra. Want to learn more about 286 8th Street Wheeling, Illinois 60090? Contact an @properties agent to request more info.